Aritzia (TSE:ATZ) Stock Price Expected to Rise, TD Securities Analyst Says

Aritzia (TSE:ATZ) had its price target upped by equities research analysts at TD Securities from C$66.00 to C$70.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 24.07% from the stock’s current price.

ATZ has been the topic of a number of other reports. Raymond James increased their target price on Aritzia from C$55.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday. Desjardins set a C$82.00 target price on shares of Aritzia and gave the stock a “buy” rating in a report on Wednesday, February 26th. Royal Bank of Canada reduced their price target on shares of Aritzia from C$73.00 to C$65.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. BMO Capital Markets reduced their target price on Aritzia from C$74.00 to C$67.00 and set an “outperform” rating for the company in a report on Friday. Finally, Stifel Nicolaus dropped their price objective on Aritzia from C$73.00 to C$66.00 and set a “buy” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$64.20.

Aritzia Price Performance

Shares of TSE ATZ opened at C$56.42 on Friday. The company has a debt-to-equity ratio of 93.51, a quick ratio of 0.19 and a current ratio of 1.29. The company has a 50 day simple moving average of C$50.52 and a two-hundred day simple moving average of C$53.83. Aritzia has a fifty-two week low of C$31.82 and a fifty-two week high of C$73.44. The company has a market capitalization of C$6.73 billion, a price-to-earnings ratio of 49.57, a P/E/G ratio of 1.19 and a beta of 1.83.

About Aritzia

Aritzia Inc is an integrated design house of exclusive fashion brands. It designs apparel and accessories for its collection of exclusive brands and sells them under the Aritzia banner. The category of products offered by the firm is blouses, T-shirts, pants, dresses, sweaters, jackets and coats, skirts, shorts, jumpsuits, and accessories.